Describe the optimal order size, Operation Management

Assignment Help:

A retail outlet has its own production facility for producing denim cloth. The ordering cost ($150) is the cost of setting up the production process to make the denim cloth. The carrying cost is $0.75 per yard and the demand is 10,000 yards per year. The production facility operates the same days as the retail store is open (i.e. 311 days) and produces 150 yards of the denim cloth per day. Determine:

a) The optimal order size

b) The total inventory cost

c) The length of time to receive an order

d) The number of orders per year

e) The maximum inventory level


Related Discussions:- Describe the optimal order size

Explain concept of sustainability in operations management, Explain the con...

Explain the concept of sustainability in operations management. The concept of sustainability within operations management: Sustainability in operations management is regarding

Explain the market equilibrium conditions in this market, John Barks owns B...

John Barks owns Barks Computer Screens Inc. and wants to identify the supply and demand for screens in his market. The company can produce large screens called Wides or small scree

Explain the benefits of using erds in database design, What are the benefit...

What are the benefits of using ERDs in database design, implementation, and documentation? How does a design tool like a Microsoft Visio diagram help the organization create and do

Explain division of work (or labour), Explain Division of Work (or Labour)....

Explain Division of Work (or Labour). It is a famous principle of Economics, invented through  Adam Smith  who was the traditional economist. Fayol had advocated Division of wo

Explain what factors might inhibit hrd managers, What factors might inhibit...

What factors might inhibit HRD managers from developing a strategic planning approach to training? How might these factors be overcome?

Describe cauterization for each stakeholder, Using the stakeholder analysis...

Using the stakeholder analysis template (appendix B2in the Hilton and Simon text) for a company that you are familiar with, determine the key stakeholder, and categorize them by th

How efficient is your system with the cycle time you compute, A firm uses a...

A firm uses a serial assembly system and needs answers to the following- a. A desired output of 900 units per shift (7.5 hours) is desired for a new processing system. The syst

Explain violate a federal law, Agents and employees of Apples Corporation a...

Agents and employees of Apples Corporation and Oranges Corporation are convicted of conspiring to violate a federal law that is punishable by a term of imprisonment and a fine. Can

Examples of productivity measures, Examples of Productivity Measures  ...

Examples of Productivity Measures  Sales ($)/labour costs ($)  Sales ($)/pay ($)  Total value of sales (billed) ($)/labour costs($) + investment ($)  Sales/salespeopl

Find out what is e, Two large, thin metal plates are parallel and close to ...

Two large, thin metal plates are parallel and close to each other. On their inner faces, the plates have surface charge densities of opposite signs and of magnitude 17.0 × 10 22 C

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd